Reported Fraud Losses by People 60 and Over Hit $3 Billion
WASHINGTON – Fraud losses reported by people 60 and over rose about fivefold in five years. They went from $600 million in 2020 to about $3 billion in 2025. The Federal Trade Commission gave the figures on November 4, 2026, in a consumer alert about its new report to Congress. The report, dated October 19, …
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